Overlap and Conflict of Needs (AQA A-Level Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Mendelow's matrix purpose
Mendelow's matrix purpose
Tool to categorise stakeholders by power & interest
Power in stakeholder mapping
Power in stakeholder mapping
Ability to influence business decisions
Interest in stakeholder mapping
Interest in stakeholder mapping
How much attention stakeholder pays to business activities
Key players quadrant characteristics
Key players quadrant characteristics
High power, high interest
Show consideration quadrant characteristics
Show consideration quadrant characteristics
High power, low interest
Overlapping interests definition
Overlapping interests definition
Where stakeholder interests align
Conflicts definition
Conflicts definition
Where stakeholder interests clash
Authoritarian leader's stakeholder approach
Authoritarian leader's stakeholder approach
Little concern for stakeholders, unlikely to consult
Democratic leader's stakeholder approach
Democratic leader's stakeholder approach
Actively seeks input from stakeholders
Economic boom effect on stakeholder management
Economic boom effect on stakeholder management
Easier to address concerns; more finance & resources available